FTX Crypto Exchange Raises Record $900M Funding Round, Firm Valued at $18B
Sam Bankman-Fried's crypto exchange FTX has raised a record-breaking $900 million in a Series B round, bringing its total valuation to $18 billion. "The Hash" panel discusses the "expansion potential" of FTX's ever-growing empire. "Investors clearly think there's another Coinbase in the making," host Zack Seward said. "There's room for another big centralized exchange to serve the market, and Coinbase is not going to be the only one to do it."